ENDOW ILLINOIS TAX CREDIT House SponsorsRep. Michael J. Zalewski-Norine K. Hammond, Joe Sosnowski, Michael Halpin, Denyse Wang Stoneback, Thomas M. Bennett, Jehan Gordon-Booth, Jackie Haas, Camille Y. Lilly, LaToya Greenwood, La Shawn K. Ford, Margaret Croke, Elizabeth Hernandez and William Davis 1/10/2023HouseSession Sine Die New Act35 ILCS 5/234 new Creates the Endow Illinois Tax Credit Act. Creates an income tax credit for taxpayers who provide an endowment gift to a permanent endowment fund. Provides that the amount of the credit is an amount equal to 50% of the endowment gift. Sets forth the aggregate amount of the credit. Provides that the Department of Revenue shall administer the credit. Provides that the Department of Revenue shall submit an annual report to the Governor and the General Assembly concerning the activities conducted under the Act during the previous calendar year. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately. 10/5/2022HouseFiled with the Clerk by Rep. Michael J. Zalewski 10/5/2022HouseAdded Chief Co-Sponsor Rep. Norine K. Hammond 10/5/2022HouseAdded Co-Sponsor Rep. Joe Sosnowski 10/14/2022HouseAdded Co-Sponsor Rep. Michael Halpin 10/18/2022HouseAdded Co-Sponsor Rep. Denyse Wang Stoneback 11/9/2022HouseAdded Co-Sponsor Rep. Thomas M. Bennett 11/16/2022HouseFirst Reading 11/16/2022HouseReferred to Rules Committee 11/30/2022HouseAdded Co-Sponsor Rep. Jehan Gordon-Booth 12/1/2022HouseAdded Co-Sponsor Rep. Jackie Haas 12/1/2022HouseAdded Co-Sponsor Rep. Camille Y. Lilly 12/1/2022HouseAdded Co-Sponsor Rep. LaToya Greenwood 12/6/2022HouseAdded Co-Sponsor Rep. La Shawn K. Ford 12/13/2022HouseAdded Co-Sponsor Rep. Margaret Croke 12/15/2022HouseAdded Co-Sponsor Rep. Elizabeth Hernandez 1/9/2023HouseAdded Co-Sponsor Rep. William Davis 1/10/2023HouseSession Sine Die